How to Save for College

Saving Money for College

Are you researching ways to prepare for your child’s future education? Gerber Life makes it easier than ever to learn about preparing for college with our college planning resources. Check out our featured articles below.

Remember, it costs nothing to apply!

Gerber Life College Plan FAQs

For more information, check out some of the most frequently asked questions on the pages below. For even more information on life insurance, our friendly representatives are ready to answer any questions that you might have.

What is the rate of return?

The rate of return varies depending upon your specific policy, its duration, and your billing frequency. For further details about your specific policy's rate of return, please call us at 866-503-4487.

What happens if I stop paying? How much would I get?

The amount you'd get back depends on when you stop paying and surrender your policy. If you are past your policy's midway point (for a 10-year policy, the midpoint is about five years), you would get back all of the money you paid in.

What about taxes?

The Gerber Life College Plan will generate some taxable income, Gerber Life Insurance will send you a statement (Form 1099) to file with your taxes.

We understand you want to give your child every advantage. The Grow-Up® Plan is a simple, budget-minded way to start for children ages 14 days to 14 years. For as little as $1 a week, you can give your child a lifetime of life insurance protection with plans starting at $5,000. Your decision today will help your child be better equipped for adult responsibilities tomorrow.